CACI International (NYSE:CACI) Stock Rating Lowered by StockNews.com

CACI International (NYSE:CACI) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other brokerages also recently weighed in on CACI. TD Cowen raised CACI International to a “strong-buy” rating in a research report on Thursday, December 19th. Bank of America raised their price target on shares of CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. UBS Group assumed coverage on shares of CACI International in a research report on Monday, December 2nd. They issued a “buy” rating and a $557.00 price objective on the stock. The Goldman Sachs Group cut shares of CACI International from a “neutral” rating to a “sell” rating and decreased their target price for the company from $540.00 to $373.00 in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $524.45.

CACI International Price Performance

Shares of CACI opened at $406.17 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 1.75. The company has a 50 day moving average price of $480.05 and a 200-day moving average price of $471.06. CACI International has a fifty-two week low of $314.06 and a fifty-two week high of $588.26. The stock has a market capitalization of $9.10 billion, a PE ratio of 20.13, a PEG ratio of 1.33 and a beta of 0.85.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, topping analysts’ consensus estimates of $5.08 by $0.85. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.92 billion. CACI International had a return on equity of 14.78% and a net margin of 5.77%. CACI International’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.36 earnings per share. Equities analysts predict that CACI International will post 23.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CACI International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CACI. Van ECK Associates Corp raised its position in CACI International by 70.0% during the 2nd quarter. Van ECK Associates Corp now owns 81,584 shares of the information technology services provider’s stock worth $35,092,000 after buying an additional 33,589 shares during the last quarter. Wedbush Securities Inc. raised its holdings in shares of CACI International by 38.3% during the second quarter. Wedbush Securities Inc. now owns 932 shares of the information technology services provider’s stock worth $401,000 after purchasing an additional 258 shares during the last quarter. Kendall Capital Management lifted its position in CACI International by 8.9% during the second quarter. Kendall Capital Management now owns 1,219 shares of the information technology services provider’s stock valued at $524,000 after purchasing an additional 100 shares during the period. Bridges Investment Management Inc. purchased a new stake in CACI International in the second quarter valued at $489,000. Finally, Pacer Advisors Inc. grew its position in CACI International by 25.5% during the 2nd quarter. Pacer Advisors Inc. now owns 4,238 shares of the information technology services provider’s stock worth $1,823,000 after purchasing an additional 861 shares during the period. Hedge funds and other institutional investors own 86.43% of the company’s stock.

About CACI International

CACI International Inc, through its subsidiaries, engages in the provision of expertise and technology to enterprise and mission customers in support of national security in the intelligence, defense, and federal civilian sectors. The company operates through two segments, Domestic Operations and International Operations.